re: #232 calochortus

It’s hearsay on my part, but I have read that there is a direct correlation between how long countries took to pull out of the Great Depression, and how stuck they were on the gold standard.

Even so, I know more than one person who just can’t grasp the concept that paper money is a perfectly sound medium of exchange in any stable country and metal backed coinage restricts economic growth.

This book explains it well. Lords of Finance: The Bankers Who Broke the World smile.amazon.com

Let’s simply say I’ve very grateful that the German’s refused to go off of the Gold standard and starved their economy as a result…

That’s gone into in more depth in The Wages of Destruction: The Making and Breaking of the Nazi Economy smile.amazon.com